Filed by Anadarko Petroleum Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Union Pacific Resources Group Inc.
Commission File No. 1-13916
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
[Three photographs of industry activities.]
[ANADARKO PETROLEUM CORPORATION LOGO]
[UNION PACIFIC RESOURCES LOGO]
1
<PAGE>
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
[ANADARKO PETROLEUM CORPORATION LOGO]
[Photograph of Robert J. Allison, Jr.] ROBERT J. ALLISON, JR.
Chairman and
Chief Executive Officer
2
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
SUMMARY TRANSACTION TERMS
................................................................................
o EXCHANGE RATIO: 0.4550 SHARES OF APC FOR EACH SHARE OF UPR
................................................................................
o ACCOUNTING STRUCTURE: PURCHASE ACCOUNTING/FULL COST
................................................................................
o TAX STRUCTURE: TAX FREE TO UPR SHAREHOLDERS
................................................................................
o CAPITALIZATION: DEBT CAP ~41%
................................................................................
o COMPANY NAME: ANADARKO PETROLEUM CORPORATION
................................................................................
o HEADQUARTERS: HOUSTON
................................................................................
o BOARD OF DIRECTORS: 5 UPR, 8 APC (PROPOSED)
................................................................................
o TARGET CLOSING DATE: JULY 2000
3
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE ROAD TO HERE -
ANADARKO ISSUES
o EXPLORATION SUCCESS
o FOCUS ON DEVELOPMENT
o OPPORTUNITY RICH...
CASH POOR...
o TURNED THE CORNER
4
<PAGE>
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
[UNION PACIFIC RESOURCES LOGO]
[Photograph of George Lindhal, III] GEORGE LINDAHL, III
Chairman, President and
Chief Executive Officer
5
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE ROAD TO HERE -
UPR ISSUES
o LEADER IN DRILLING AND TECHNOLOGY
o UNMATCHED LAND POSITION
o STRONG CASH FLOW
o EXPERIENCED AND DEDICATED PEOPLE
o DEBT CONSTRAINING GROWTH POTENTIAL
6
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
o COMPLEMENTARY ASSET PORTFOLIOS AND STRENGTHS
o GREAT CORE ASSETS
o EXCELLENT GROWTH PORTFOLIO
o FINANCIAL STRENGTH
7
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW
ANADARKO -
NORTH
AMERICAN
GAS ASSETS
[Map of North America showing activity areas and land grant]
8
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
NORTH AMERICAN GAS PRODUCTION
[Two photographs of industry activities]
[Bar graph illustrating the following data:
COMPANY GAS PRODUCTION, BCF/YEAR
- ------- -------------------------
XON/MOB 1,479
BPA 1,082
SHL** 787
BR 699
CHV 669
New APC 634
TX* 550
ARC 540
UPR 464
VRI 401
P 380
UCL* 329
COCa 316
EOG 281
MRO 275
OXY 242
APA 205
DVN 199
KMG 191
APC 170]
* Data for U.S. only, Canadian data unavailable
** Data for 1998, total North American data for 1999 unavailable
9
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
NORTH AMERICAN GAS RESERVES
[Two photographs of industry activities]
[Bar graph illustrating the following data:
COMPANY PROVED GAS RESERVES, TCF
- ------- -------------------------
XON/MOB 16.3
BPA* 12.0
BR 7.4
SHL** 7.0
New APC 5.8
ARC 5.2
TX* 4.2
P 3.9
CHV* 3.8
UPR 3.3
VRI 2.7
EOG 2.5
APC 2.5
COCa 2.2
MRO 2.1
DVN 1.9
OXY 1.8
UCL 1.7
APA 1.6
KMG 1.2]
* Data for U.S. only, Canadian data unavailable
** Data for 1998, total North American data for 1999 unavailable
10
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO -
PROFILE
o PRODUCTION
o RESERVES
o FINANCIALS
o PORTFOLIO
11
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
PRODUCTION BY REGION - 1999
[Pie charts illustrating the following information:
GAS OIL EEBs
o 70% U.S. Onshore o 50% U.S. Onshore o 62% U.S. Onshore
o 16% Canada o 22% Latin America o 16% Canada
o 14% Offshore o 15% Canada o 10% Offshore
o 8% Algeria o 9% Latin America
o 5% Offshore o 3% Algeria]
12
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
RESERVES BY REGION - 1999
[Pie charts illustrating the following information:
GAS OIL EEBs
o 69% U.S. Onshore o 38% U.S. Onshore o 54% U.S. Onshore
o 17% Canada o 30% Algeria o 15% Algeria
o 13% Offshore o 16% Latin America o 14% Canada
o 1% Latin America o 10% Canada o 9% Offshore
o 6% Offshore o 8% Latin America]
13
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO -
PROFILE
o PRODUCTION
o RESERVES
o FINANCIALS
o PORTFOLIO
14
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO -
FINANCIALS
o CASH FLOW
o EARNINGS
o BALANCE SHEET
o FINANCIAL STRENGTH
15
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO -
PROFILE
o PRODUCTION
o RESERVES
o FINANCIALS
o PORTFOLIO
16
<PAGE>
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
[ANADARKO PETROLEUM CORPORATION LOGO]
[Photograph of John N. Seitz] JOHN N. SEITZ
President and
Chief Operating Officer
17
<PAGE>
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
KEY FACTORS FOR SUCCESS
o PEOPLE
o SKILL SETS
o ACCESS
o CRITICAL MASS
[Three pictures of industry activities.]
18
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
SEVEN CORE AREAS
o NORTH AFRICA
o LATIN AMERICA
o CANADA & ALASKA
o LAND GRANT -
UTAH, WYOMING & COLORADO
o MID CONTINENT
o TEXAS & LOUISIANA
o GULF OF MEXICO
[Five pictures of industry activities and areas.]
19
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
NORTH AFRICA
[Map of North Africa with exploration and development areas highlighted.
Detail of Algeria and Tunisia.]
20
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
LATIN
AMERICA
[Map of Latin America highlighting core areas (APC Acerage and Other Projects)
in South and Central America -- specifically Guatemala, Venezuela, Argentina,
Brazil]
21
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
CANADA & ALASKA
[Map highlighting APC acerage and exploration prospects in Alaska and Canada]
ALASKA
12 Leased Prospects:
3 MM BOE Potential Reserves (net unrisked)
CANADA
Resource Potential:
12 Billion BOE
58 Leased Prospects:
290 MM BOE Potential Reserves (net unrisked)
22
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW
ANADARKO -
NORTH AMERICAN
GAS ASSETS
[Map of North America showing activity areas and emphasizing land grant]
23
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
LAND GRANT - UTAH, WYOMING & COLORADO
[Map highlighting gas fields, oil fields, coal beds, active coalbed projects
and land grant in Utah, Wyoming and Colorado.]
EXPLORATION POTENTIAL - 24 Tcf
BASIN CENTER 21 Tcf
OVERTHRUST 1.4 Tcf
COALBED METHANE 1.6 Tcf
24
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
MID CONTINENT
[Map illustrating extensive acreage position in Southwest Kansas.
Detailing APC Acreage, 3D Seismic, Prospects, Chester Channel
and Upper Morrow Fields]
25
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
TEXAS & LOUISIANA
[Map indicating holdings in Texas and Louisiana -- Ozona, Permian Basin,
Giddings-Austin Chalk, Bossier, Carthage, LA Chalk, Vernon Field, Masters
Creek, Etouffee and Turtle Soup (Currently Drilling)]
CURRENT NET DAILY PRODUCTION: 717 MMcfe/d
PUD DRILLING INVENTORY: 467 WELLS
POSSIBLE + PROBABLE:
DRILLING INVENTORY: 1300+ WELLS
NET UNRISKED RESERVE ADDS: 300 MM BOE
26
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
GULF OF MEXICO
[Map of the Gulf of Mexico illustrating offshore drilling. Noting location of
Conventional Blocks, Subsalt Blocks and Deepwater Blocks]
27
<PAGE>
[ANADARKO PETROLEUM CORPORATION LOGO]
THE NEW ANADARKO
WORLDWIDE ACTIVITY
[Map of the world highlighting Company's core areas and other activity areas.]
28
<PAGE>
CREATING THE BEST E&P COMPANY IN THE WORLD TODAY
[Three photographs of industry activities.]
Except for historical information, all other information in this
presentation consists of forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from those projected, anticipated or implied. The
most significant of these risks and uncertainties are described in Anadarko's
and UPRC's SEC filings and reports and exhibits to those reports, and include
(but are not limited to) the costs and difficulties related to the integration
of acquired businesses, commodity pricing and demand, exploration and operating
risks, development risks, and the costs and other effects of governmental
regulation and legal and administrative proceedings. Anadarko and UPRC undertake
no obligation to publicly update or revise any forward-looking statements.
[ANADARKO PETROLEUM CORPORATION LOGO]
29
<PAGE>
All stockholders should read the proxy statement/prospectus concerning the
merger that will be filed with the SEC and mailed to stockholders. The proxy
statement/prospectus will contain important information that stockholders should
consider before making any decision regarding the merger. You will be able to
obtain the proxy statement/prospectus, as well as other filings containing
information about Anadarko Petroleum Corporation and Union Pacific Resources
Group Inc., without charge, at the SEC's Internet site (http://www.sec.gov).
Copies of the proxy statement/prospectus and the SEC filings that will be
incorporated by reference in the proxy statement/prospectus can also be
obtained, without charge, from the Corporate Secretary of the appropriate
company. Information regarding the participants in the solicitation and a
description of their direct or indirect interests, by security holdings or
otherwise, is contained in Anadarko Petroleum Corporation's filing of its press
release with the SEC under Rule 425 on April 3, 2000.
